Investors in the cryptocurrency market were originally filled with expectations for 2025, the 'big year' in the cryptocurrency market. According to historical patterns, a bull market that occurs every four years seemed to be quietly approaching, and Trump's presidency was seen as a beacon of hope, as if he would become the 'savior' of the cryptocurrency market. However, reality was far more brutal than imagined, and the dream of prosperity in the cryptocurrency market was shattered in an instant by Trump's 'tinkering', replaced by endless disappointment and losses.
1. Trump Coin: the 'vampire' that drains the market
After Trump took office, the first thing he did was to issue his own cryptocurrency with his family. This move seemed innovative, but in reality, it was a meticulously planned 'money-grabbing scheme'. The launch of Trump Coin not only drained the limited liquidity in the market but also caused other cryptocurrencies to collectively plummet on the listing day. Even more infuriating was that Trump quickly exited after cashing in, while the retail investors who were full of expectations found themselves mired in a quagmire, with the coin price continuously probing new lows and more people getting trapped.